Which Stocks to Buy Now? 4 Travel Stocks For Your Watchlist Today | News
Are These The Best Travel Stocks To Invest Today?
As investors look at the top stock investors today, travel stocks seem to be trending. For one thing, the euro is close to par with the US dollar, marking a two-decade low. This will be a plus point for Americans traveling to Europe this summer. With this exchange rate, travelers ’dollars will expand when buying abroad. Consequently, it makes sense that investors continue to watch top stocks travel around.
When it comes to investing in travel stocks, aircraft companies want it Boeing (NYSE: BA) is what many would think. Yesterday, Japanese airlines ANA Holdings (OTCMKTS: ALNPY) terminated the order for 20 Boeing 737 MAX jets. As part of its efforts to strengthen its freight business, the airline said it will convert two of the 20 777-9 passenger planes it has in order to the 777-8F freighter model. These 737 MAX planes are designed to replace the older 737-800 jets on local routes. Furthermore, these models will be delivered starting in the financial year beginning in April 2025.
At the same time, there is also no shortage of exciting developments in the face of airline mergers and acquisitions. That is, the constant push by Duluhan (NASDAQ: ULCC) to obtain Spirit Airlines (NYSE: SAVE) is in the news today. With more buyers flying, travel activity booking companies such as Airbnb (NASDAQ: ABNB) at TripAdvisor (NASDAQ: TRIP) will also have focus. With all of this in mind, here are four more travel stocks to watch out for in the stock market today.
Top Travel Stocks to Buy [Or Sell] Today
Royal Caribbean Group Ltd
Starting with us today, we have Royal Caribbean, a global cruise holding company that is also one of the largest cruise line operators in the world. It has a global fleet of more than 60 ships traveling to more than 1,000 destinations around the world. It is also the owner and operator of three award-winning cruise brands. Namely, they are Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. Since its Wonder of the Seas began sailing in March 2022, the ship has claimed the title of the world’s largest cruise ship as it tries to strengthen its battle with Carnival (NYSE: CCL).
In May, the company also announced that it was launching the NFT collection in partnership with acclaimed artist Rubem Robierb. She is a longtime feature actress on the cruise line. As a result, Celebrity Cruises launched the Peacemakers Sunset NFT collection. “Innovation is a pillar of the Celebrity Cruises experience and a unique feature of our ships, so it is only fitting to bring this legacy into the new digital revolution of NFTs and the metaverse,” said Celebrity Cruises Chief Marketing Officer Michael Scheiner. “The scale and scope of what is possible in this space, and the way we connect our visitors to new immersive and accessible experiences, is truly endless. It’s fun to take this first step with Rubem’s talents and artistry. ” Given all of this, is RCL stock worth investing in right now?
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Delta Air Lines Inc.
Next, we have Delta Air Lines, a legacy carrier in the US In fact, it is one of the oldest airlines in the world operating. The company says more than 4,000 Delta flights depart every day. Also, it connects people to more than 270 destinations on six continents. It also provides award-winning operational excellence, safety, and innovation. Furthermore, it is leading the travel industry in building the foundation for sustainable aviation with its Flight to Net Zero policy.
This week, Delta Air Lines selected Amazon Web Services (AWS), a company Amazon (NASDAQ: AMZN) to accelerate the transformation of its digital business. In detail, it announced a multi-year agreement for AWS to serve as its preferred cloud provider. AWS will help Delta unlock technologies and streamline processes that will make the customer experience faster, smoother, and more secure. This will include everything from improving the booking process to the flying experience. The company will develop AWS’s extensive portfolio of cloud technologies and solutions to meet unique industry and regulatory requirements. All things considered, is DAL stock a buy now?
Southwest Airlines is a passenger airline company that offers regularly scheduled flights between domestic and nearby international markets. Moreover, the company provides point-to-point services. According to every policy set by Southwest, the company provides additional services such as EarlyBird Check-In, premium boarding, and transportation for unaccompanied children and pets. EarlyBird Check-In provides customers with automatic check-in and a designated boarding position before general boarding positions become available. The company also has approximately 728 Boeing 737 aircraft in its fleet and provides service to more than 120 destinations in 42 states.
In May, the company announced the launch of Wanna Get Away Plus, a new fare product that adds more flexibility, options, and rewards to the carrier’s fare lineup. In addition to the benefits offered on all Southwest fares, including two free checked bags, no change fee, and free TV/movie/message, Wanna Get Away Plus offers transferable flight credit, a new benefit that allows Customers to transfer unused flights. credit to another traveler for future use. The company is also enhancing the benefits of its Anytime and Business Select fares. They will also have the same transferable flight credit benefits as Wanna Get Away Plus. This could motivate more consumers to turn to the Southwest in the near term, because of these perks. With that in mind, should you consider adding LUV stock to your portfolio?
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American Airlines Group Inc.
Another leading travel company that should be considered in the stock market today is American Airlines or AAL for short. In essence, AAL, like our previous entries, is another titanium in the global airline industry. With its extensive portfolio, the company offers nearly 6,700 flights per day at maximum capacity. That is, it is through its major American Airlines and American Eagle brands. With the return of the trip, investors may wish to consider the AAL stock now as well.
Interestingly, AAL also appears to be confident in its current performance. Earlier this week, the company gave a faint update to its expectations for its first upcoming quarterly earnings update. According to the press release, AAL is now predicting its first pandemic pre-tax quarterly profit. Overall, the company cited the explosive return to travel demand as a major contributor to this. It is likely doing so by helping to offset the growing cost of operating the AAL amid global oil shortages. All in all, for investors looking to bet on one of the biggest names in the air travel business, will AAL stock be the top pick for you?
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